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Income Tax on Political Parties

  Sai Charan    04 August 2022 at 11:04

Political parties play a key role in democracies as they contest elections, form governments and policies and are responsible for providing Government and for the improvement of the lives of the common man.



Calculation of Depreciation as per Companies Act, 2013

  Gurleen Kaur    04 August 2022 at 10:59

The Depreciation Formula and the useful life is being provided in Schedule II of Companies Act, 2013 to calculate the rate of depreciation as per Companies act...



GST on Restaurant Services through Zomato, Swiggy, etc. & Reporting in GSTR-3B

  Bimal Jain    04 August 2022 at 09:04

A new table Table 3.1.1 has been inserted as per [Notification No. 14/2022 – Central Tax dated July 05, 2022] in Form GSTR-3B and the same will be available on the GST portal from August 01, 2022 wherein both the ECO and registered restaurant can report supplies made under Section 9(5) of the CGST Act



Who are liable to generate e-invoice w.e.f 1st Oct 2022

  Bimal Jain    03 August 2022 at 17:07

The GST Council, in its 37th meeting held on 20.09.2019, has recommended introduction of electronic invoice ('e-invoice') in GST in a phased manner. E-invoicing was initially made applicable w.e.f 01.10.2020 for the registered person having aggregate turnover of Rs. 500 crore and above only.



Case Study 6 - Service Tax / GST

  FCS Deepak Pratap Singh    03 August 2022 at 09:08

In the given case, the department had issued SCN and passed the order in the name of "A" quarry that had taken land on lease for quarry business from the mining department of the state.



Case Study 5 - Transfer of Property Act 1882

  FCS Deepak Pratap Singh    02 August 2022 at 08:54

It is a well-established fact that a person cannot transfer to another person more than he has or a person cannot transfer to another person what he does not has at the time of transfer.



What is Change in GST on Renting of Residential Property?

  CA Umesh Sharma    01 August 2022 at 16:36

Changes relating to GST rate, in pursuance of recommendations are coming into effect from the 18th of July 2022, CBIC has issued notification no. 5/2022 regarding Reverse Charge on renting of residential dwelling for use as residence to a registered person.



Wish Others Well. Their Success Will Not Limit Yours!

  Shruti    01 August 2022 at 08:47

Let others shine - even if you feel left out. We should all be doing our best to carry the world on our shoulders and help make it a better place.



Interplay of RCM and registration requirement on rental service

  CS Advocate Abhishek Goyal    01 August 2022 at 08:47

The RCM liability on registered tenant shall apply irrespective of whether the landlord is registered under GST or not.



Presumption of constructive notice concerning Transfer of Property Act, 1882

  FCS Deepak Pratap Singh    30 July 2022 at 08:47

Section 3 of the Transfer of Property Act, 1882 asserts under what circumstances a person is said to have a knowledge of fact or notice. Notice is mentioned in section 39, 40, 41, 53 and 53(A) of the Transfer of Property Act.